Patrick helps Masy Systems celebrate 30th anniversary, groundbreaking

By Chelsea Feinstein, cfeinstein@nashobapub.com

Posted:
06/20/2014 07:32:01 AM EDT

PEPPERELL -- Pepperell-based business Masy Systems Inc. celebrated both its 30-year anniversary and the groundbreaking of a new facility Tuesday with appearances by Gov. Deval Patrick and other local officials.

The new plant at 27 Lomar Park Drive, directly across the street from the company's main office at 10 Lomar Park Drive, will allow the company's metrology lab space to expand tenfold.

At the ceremony, Patrick touted the successes of the Massachusetts Life Sciences Initiative, a 10-year, $1 billion investment in the state's life science companies.

"I do think it's enormously important for us to govern for the long-term, not to do just what we can in time for the next election season or the next media cycle, but what we can do for the next generation," Patrick said.

The commitment to investments in life sciences has paid off, he said.

"Over the past five years we've established Massachusetts as the recognized global leader in the life sciences and biotech, with companies from across the globe choosing this commonwealth as their place to do business," Patrick said.

In February, Masy Systems was awarded a tax incentive through the Massachusetts Life Sciences Center designed to encourage job growth. President and CEO Laurie Masiello said tax credits and other incentive programs had been a major factor in Masy Systems' success.

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"Our town and state supported us with tax incentive financing agreements, encouraging our growth in Pepperell," Masiello said.

Masiello also recognized her husband and businesses partner, Masy Systems founder John Masiello, for his work growing the company since it was founded 30 years ago.

"Even in his wildest imagination, I don't think he envisioned the growth and impact our company would have in the lives of our staff and in the industry over these past 30 years," she said.

State Sen. Eileen Donoghue commended Masy Systems for its success in bringing jobs and economic growth to Pepperell.

"You have defied the odds, not just here in the commonwealth, but across this country. You have proven that American work, ingenuity, stick-to-it-iveness and intelligence can thrive a business, can grow a business in this economy, despite the odds that may have been against you. And this is really a wonderful success story for this company, for the commonwealth, for Pepperell and for small businesses all across this commonwealth," Donoghue said.

Donoghue said the company was doing cutting edge work right here in Pepperell.

"This is an example right here of putting intelligent leadership to work to bring jobs to all parts of this commonwealth, but right here, more importantly, right here in Pepperell," she said.

Susan Windham-Bannister, president and CEO of the Massachusetts Life Sciences Center, said that Masy Systems is a unique company offering a unique service to Massachusetts.

"Through your presence here in Pepperell, you make it so clear that all parts of the commonwealth have a role to play in supporting the life sciences," Windham-Bannister said.

Her organization's goal, she said, is to make sure life science companies in Massachusetts have the resources they need to succeed.

"Our work, our mission at the Life Sciences Center is very simple. It is to make sure that this is the best place in the world for life sciences companies to grow. That we have everything in this ecosystem that companies like Masy Systems need -- talented workers, infrastructure, incentives to grow, and, most importantly, that you have a sense of belonging to a community and that you are collaborating with all the members of that community," Windham-Bannister said.

Nashoba Valley Chamber of Commerce president and CEO Melissa Fetterhoff credited Masy Systems and businesses like it with helping to reduce the unemployment rate by creating many new jobs over the years.

"It's businesses like Masy Systems that are helping to bring those numbers down," she said.

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